Adaptive money built on sound economics
Ampleforth (AMPL) is a cryptocurrency with an elastic supply that changes based on market demand. Due to this property, it is considered as a promising form of collateral for DeFi. While it has a similar property to stablecoin due to the constant change in supply (depending on market demands), it is not a stablecoin because it doesn’t necessarily eliminate volatility. Instead, the AMPL protocol was designed to reduce it.
The ability to change its supply in accordance with the demand automatically with a process referred to as rebasing, without the need for a third-party intermediary like banks. AMPL was built to be the most convenient direct answer to supply inelasticity problem.
Ampleforth is based in San Francisco, California. It got investment from companies and individuals like True Ventures, Pantera Capital, Founder Collective, Slow Ventures, Brian Armstrong, and more.